एक्सेल डेभलपमेन्ट बैंकको वित्तीय विवरण (असोज ३१, २०८३)Excel Development Bank: Interim Financial Statements (Ashoj 31, 2083)
- वर्ग:Category:
- Financial Analysis
- प्रकाशित मिति:Published:
- Published on November 2, 2026
Interim Financial Statements as on Ashoj 31, 2083
Excel Development Bank Limited
Condensed Statement of Financial Position
As on quarter end 31 Ashoj 2083 (17 October, 2026)
The Bank
Figures in NPR
| Particulars | This Quarter Ending | Immediately Previous Year Ending |
|---|---|---|
| Assets | ||
| Cash and Cash Equivalents | 834,806,390.46 | 1,407,656,860.50 |
| Due from Nepal Rastra Bank | 1,252,559,229.41 | 1,423,764,811.98 |
| Placement with Bank and Financial Institutions | - | - |
| Derivative Financial Instruments | - | - |
| Other Trading Assets | 61,795,420.00 | 58,910,791.80 |
| Loans and Advances to BFIs | 262,967,058.34 | 204,037,428.56 |
| Loans and Advances to Customers | 13,540,779,176.75 | 13,188,634,831.23 |
| Investment Securities | 3,972,064,409.23 | 4,191,006,861.94 |
| Current Tax Assets | - | - |
| Investment in Subsidiaries | - | - |
| Investment in Associates | - | - |
| Investment Property | 627,569,489.37 | 584,555,529.77 |
| Property and Equipment | 187,293,820.40 | 191,994,537.88 |
| Goodwill and Intangible Assets | 2,672,388.58 | 2,863,498.93 |
| Deferred Tax Assets | - | - |
| Other Assets | 46,269,979.79 | 76,155,173.10 |
| Total Assets | 20,788,777,362.33 | 21,329,580,325.70 |
| Liabilities | ||
| Due to Bank and Financial Institutions | 107,553,325.04 | 177,087,994.18 |
| Due to Nepal Rastra Bank | - | - |
| Derivative Financial Instruments | - | - |
| Deposits from Customers | 18,160,262,508.50 | 18,582,215,125.98 |
| Borrowings | - | - |
| Current Tax Liabilities | 15,072,273.78 | 15,834,337.18 |
| Provisions | 18,278,900.70 | 18,278,900.70 |
| Deferred Tax Liabilities | 56,072,049.18 | 60,292,164.93 |
| Other Liabilities | 224,142,698.58 | 253,251,424.59 |
| Debt Securities Issued | - | - |
| Subordinated Liabilities | - | - |
| Total Liabilities | 18,581,381,755.77 | 19,106,959,947.56 |
Excel Development Bank Limited
Statement of Distributable Profit
For the quarter ended 31 Ashoj 2083 (17 October, 2026)
(As per NRB Regulation)
| Particulars "Current Year Up to | This Quarter (YTD)" "Previous Year | Corresponding Quarter (YTD)" |
|---|---|---|
| Net profit or (loss) as per statement of profit or loss | 4,007,566.51 | (89,796,907.25) |
| Appropriations: | ||
| a. General reserve | (801,513.30) | - |
| b. Foreign exchange fluctuation fund | 2,364.38 | (120.22) |
| c. Capital redemption reserve | - | - |
| d. Corporate social responsibility fund | (40,075.67) | - |
| e. Employees' training fund | (5,071,391.47) | (4,847,587.31) |
| f. Other | 618,194.36 | 504,090.10 |
| Profit or (loss) before regulatory adjustment | (1,284,855.19) | (94,140,524.68) |
| Regulatory adjustment : | ||
| a. Interest receivable (-)/previous accrued interest received (+) | (5,283,217.58) | 2,748,617.55 |
| b. Short loan loss provision in accounts (-)/reversal (+) | - | - |
| c. Short provision for possible losses on investment (-)/reversal (+) | - | - |
| d. Short loan loss provision on Non Banking Assets (-)/resersal (+) | (21,408,047.69) | - |
| e. Deferred tax assets recognised (-)/ reversal (+) | - | - |
| f. Goodwill recognised (-)/ impairment of Goodwill (+) | - | - |
| g. Bargain purchase gain recognised (-)/resersal (+) | - | - |
| h. Acturial loss recognised (-)/reversal (+) | - | - |
| i. Other (+/-) | (3,123,170.32) | - |
| "Net profit for the quarter end 31st Ashoj 2083 | (31,099,290.79) | (91,391,907.13) |
| Opening Retained Earning as on Shrawan 01. 2083 | 179,713,887.05 | 26,067,970.61 |
Adjustment (+/-)
| Particulars Current Year "This Quarter" Current Year "Upto | This Quarter (YTD)" Previous Year Corresponding "This Quarter" Previous Year Corresponding "Upto | This Quarter (YTD)" |
|---|---|---|
| Distribution : | ||
| Bonus Share Issued | - | - |
| Cash Dividend Paid | - | - |
| Total distributable profit or (loss) as on 31st Ashoj 2083 | 148,614,596.26 | (65,323,936.52) |
| Annualised Distributable Profit/loss per Share | 4.43 | (20.91) |
| Excel Development Bank Limited | ||
| Ratios as per NRB Directive | ||
| Capital Fund to RWA | - | - |
Tier 1 Capital to RWA - 11.76% - 10.76%
| Non-Performing Loan(NPL) to Total Loan | - | - |
| Total Loan Loss Provision to Total NPL | - | - |
| Cost of Funds | - | - |
| Credit to Deposit Ratio | - | - |
| Base Rate | - | - |
| Interest Rate Spread | - | - |
| Return On Equity | - | - |
| Return On Assets | - | - |
Notes to the Interim Financial Statements
१ The above financial statements have been prepared in accordance with Nepal Financial Reporting Standards (NFRS) and in the format prescribed by Nepal Rastra Bank.
२ Impairment loss on credit exposure has been measured and recognised as the higher of Expected Credit Loss as per NFRS 9 and existing regulatory
| Equity | ||
| Share Capital | 1,249,694,470.93 | 1,249,694,470.93 |
| Share Premium | 9,075,470.15 | 9,075,470.15 |
| Retained Earnings | 148,614,596.26 | 179,713,887.05 |
| Reserves | 800,011,069.21 | 784,136,550.00 |
| Total Equity Attributable to Equity Holders | 2,207,395,606.56 | 2,222,620,378.14 |
| Non Controlling Interest | - | - |
| Total Equity | 2,207,395,606.56 | 2,222,620,378.14 |
| Total Liabilities and Equity | 20,788,777,362.33 | 21,329,580,325.70 |
Excel Development Bank Limited
Condensed Statement of Profit or Loss
For the quarter ended 31 Ashoj 2083 (17 October, 2026)
The Bank
Figures in NPR
| Particulars Current Year | This Quarter Current Year "Upto | This Quarter (YTD)" Previous Year Corrosponding | This Quarter Previous Year Corrosponding "Upto | This Quarter (YTD)" |
|---|---|---|---|---|
| Interest Income | 282,304,221.08 | 282,304,221.08 | 288,436,905.09 | 288,436,905.09 |
| Interest Expense | 129,460,856.82 | 129,460,856.82 | 155,105,660.99 | 155,105,660.99 |
| Net Interest Income | 152,843,364.26 | 152,843,364.26 | 133,331,244.10 | 133,331,244.10 |
| Fee and Commission Income | 33,617,605.86 | 33,617,605.86 | 21,533,408.71 | 21,533,408.71 |
| Fee and Commission Expense | 4,456,750.38 | 4,456,750.38 | 3,034,991.29 | 3,034,991.29 |
| Net Fee and Commission Income | 29,160,855.48 | 29,160,855.48 | 18,498,417.42 | 18,498,417.42 |
| Net Interest, Fee and Commisson Income | 182,004,219.74 | 182,004,219.74 | 151,829,661.52 | 151,829,661.52 |
| Net Trading Income | - | - | - | - |
| Other Operating Income | 3,697,263.82 | 3,697,263.82 | 2,191,311.12 | 2,191,311.12 |
| Total Operating Income | 185,701,483.56 | 185,701,483.56 | 154,020,972.64 | 154,020,972.64 |
| "Impairment Charge / (Reversal) for Loans and Other Lossess" | 80,418,977.04 | 80,418,977.04 | 158,404,249.93 | 158,404,249.93 |
| Net Operating Income | 105,282,506.52 | 105,282,506.52 | (4,383,277.28) | (4,383,277.28) |
| Operating Expense | ||||
| Personnel Expenses | 56,672,918.81 | 56,672,918.81 | 54,628,396.18 | 54,628,396.18 |
| Other Operating Expenses | 34,806,845.45 | 34,806,845.45 | 24,698,488.28 | 24,698,488.28 |
| Depreciation & Amortisation | 6,305,113.26 | 6,305,113.26 | 6,086,745.51 | 6,086,745.51 |
| Operating Profit | 7,497,629.00 | 7,497,629.00 | (89,796,907.25) | (89,796,907.25) |
| Non Operating Income | 105,373.88 | 105,373.88 | - | - |
| Non Operating Expense | - | - | - | - |
| Profit Before Income Tax | 7,603,002.88 | 7,603,002.88 | (89,796,907.25) | (89,796,907.25) |
| Income Tax Expense | ||||
| Current Tax | 2,280,900.87 | 2,280,900.87 | - | - |
| Deferred Tax | 1,314,535.51 | 1,314,535.51 | - | - |
| Profit/(Loss) for the Period | 4,007,566.51 | 4,007,566.51 | (89,796,907.25) | (89,796,907.25) |
| Earnings per Share | ||||
| Annualized Basic Earnings per Share | 1.28 | (28.74) | ||
| Annualized Diluted Earnings per Share | 1.28 | (28.74) | ||
Condensed Statement of Other Comprehensive Income
| Profit (Loss) for the Period | 4,007,566.51 | 4,007,566.51 | (89,796,907.25) | (89,796,907.25) |
| Other Comprehensive Income, Net of Income Tax | (19,232,338.09) | (19,232,338.09) | (59,901,426.26) | (59,901,426.26) |
| "Total Comprehensive Income for the Period" | (15,224,771.58) | (15,224,771.58) | (149,698,333.51) | (149,698,333.51) |
| धितोपत्र दर्ता तथा निष्काशन नियमावली | २०७३ | १४, | २६ | (१) |
एक्सेल डेभलपमेन्ट बैंक लि., वडा नं.-३, बिर्तामोड न.पा. झापा
फोन नं. ०२३-५४४०१०
आ.व. २०८३/८४ को प्रथम त्रैमासिक प्रतिवेदन
१.वित्तीय विश्लेषण
(क) आ.व.२०८३/८४ को प्रथम त्रयमासको अपरिष्कृत वित्तीय विवरण यसै साथ प्रकाशित गरिएको छ। यस वित्तीय संस्थाको सम्बन्धित पक्षवीच कारोबार रहेको छैन ।
(ख) प्रमुख वित्तीय अनुपातहरु :
अनुपातहरु
प्रतिशेयर आम्दानी (वार्षिक) रु १।२८ पी.ई. अनुपात (वार्षिक) रु ४४९।४३
प्रतिशेयर नेटवर्थ रु १७६।६३ तरलता अनुपात ३०।६३
प्रतिशेयर कूल सम्पत्ती रु १,६६३।५१
२. व्यवस्थापकीय विश्लेषण
(क) यस बैंकले आ.व.२०८३/८४ मा व्यावसायिक योजनानुसार बैंकको निक्षेप एवं कर्जा कारोबारमा यथोचित वृद्धि गर्दै लैजाने, बैंकको ग्राहक सेवा स्तरमा गुणात्मक सुधार गर्दै लैजाने, व्यावसायिक विकासका लागी नयाँ क्षेत्रहरु पहिचान गर्ने एवं भैरहेको शाखाहरूको स्तर वृद्धि गर्दै लैजाने नीति रहेकोमा सोही अनुसार कामहरू भईरहेका छन् ।
(ख) हाल देखिएको कर्जा प्रवाहमा संकुचन तथा कर्जा असुलीमा समेत समस्या उत्पन्न भई बैंकको समग्र नाफा तथा वितरणयोग्य नाफामा प्रत्यक्ष प्रभाव पर्न गएको छ ।
३. कानूनी कारवाही सम्बन्धी विवरण
(क) यस त्रयमास अवधिमा यस संस्थाको विरुद्ध दुई वटा मुद्दा दायर भएको छ ।
(ख) यस संस्थाको संस्थापक वा सञ्चालकले वा संस्थापक वा सञ्चालकको विरुद्धमा प्रचलित नियमको अवज्ञा वा फौजदारी अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर गरे को वा भएको जानकारी प्राप्त भएको छैन ।
(ग) कुनै संस्थापक वा सञ्चालक विरुद्ध आर्थिक अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर भएको जानकारी प्राप्त भएको छैन ।
४. शेयर कारोबार सम्बन्धि विश्लेषण
(क) देशको समष्टिगत शेयर बजारको कारोबारमा उतारचढाब आई यस बैंकको शेयर कारोबार पनि खुल्ला बजारले प्रतिपादित गरेको मूल्य तथा मान्यता अनुरूप हुने गरेको ।
(ख) शेयर कारोबार तर्फ यस त्रैमासको कारोबार (नेपाल स्टक एक्सचेञ्ज लि. को वेब साइट अनुसार)
| अधिकतम मूल्य रु | ६२२।०० | ५३५।९० |
| अन्तिम मूल्य रु | ५७६।५० | ६१४,९९६।०० |
जम्मा कारोबार दिन ६१
५. समस्या तथा चुनौती
(क) समग्र वित्तीय क्षेत्रमा आएको आर्थिक शिथिलताले गर्दा बैंकको कर्जा प्रवाहमा कमी आएको छ र यसको प्रभावस्वरूप बैंकको आयमा असर परेको छ ।
(ख) डिजिटल प्रविधिमा आएको परिवर्तन र त्यससंगै सिर्जना भइरहेको चुनौतीले बैंकको संचालन लागत क्रमशः बढिरहेको छ ।
(ग) समय समयमा नियामक निकायबाट जारी निर्देशनहरुको कार्यान्वयन गर्ने क्रममा बैंकको आम्दानीमा संकुचन भएको छ ।
वर्तमान असहज परिस्थितिमा समेत यस बैंकले उपयुक्त व्यवसायिक नीति लिई ग्राहकहरुको सदाझैं यस बैंक प्रति रहि आएको विश्वासमा अभिवृद्धि गराई समग्र कारोबारमा सन्तोषजनक रुपमा वृद्धि गरी सुदृढ तरलताको स्थिति तथा खुद मुनाफा वृद्धि गर्न प्रतिस्पर्धात्मक क्षमतामा अभिवृद्धि गर्दै गएको छ । बैंकका सेवाहरु प्रविधिमैत्री बनाउनुपर्ने आवश्यकतालाई मध्यनजर गर्दै बैंकले आधुनिक बैंकिङ्गका विविध प्रविधिहरुलाई आत्मसात गर्दै आएको छ ।
६. संस्थागत सुशासन
यस बैंक सर्वसाधारण जनताको पहुँच भित्र रहेको र बैंकले लक्षित गरेको ग्राहकहरु पनि यसै समूह भित्र भएकाले ग्राहकहरुको बैंक प्रतिको विश्वासलाई कायम राख्न एवं विश्वासमा वृद्धि गरि संस्थालाई सवल, नियमित र पारदर्शी ढंगले चल्नु पर्ने सत्यतालाई आत्मसात गरी नियमनकारी निकाय नेपाल राष्ट्र बैंक लगायत अन्य सबै निकायहरुका निर्दिष्ट नियमहरु एवं अन्य प्रचलित नियम कानुनको परिधी भित्र रही यस बैंकको कारोबार स्वच्छ रुपमा संचालन भई आएको छ । साथै बैंकले सुशासन कायम राख्दै संचालन जोखिमहरु कम गरी कारोबारलाई व्यवस्थित गर्न विभिन्न आन्तरिक नीति नियम तथा निर्देशिकाहरुको तर्जुमा गरी लागु गरिएको, आन्तरिक लेखा परीक्षण समितिको बैठक र आन्तरिक लेखापरीक्षण नियमित रुपमा गराई समिति तथा लेखापरीक्षकबाट प्राप्त सुझावहरु कार्यान्वयन तथा समिक्षा गर्ने गरिएको तथा तदानुसार आवश्यक सुधारका कार्यहरु गर्ने गरिएको छ ।
७. सत्य, तथ्यता सम्बन्धमा कार्यकारी प्रमुखको उद्घोषण
आजका मितिसम्म यस प्रतिवेदनमा उल्लेखित जानकारी तथा विवरणहरुको शुद्धता सम्बन्धमा म व्यक्तिगत रुपमा उत्तरदायित्व लिन्छु । साथै, म यो उद्घोष गर्दछु की मैले जाने बुझेसम्म यस प्रतिवेदनमा उल्लेखित विवरणहरु सत्य, तथ्य र पूर्ण छन् र लगानीकर्ताहरुलाई सुसूचित भई निर्णय लिन आवश्यक कुनै विवरण, सूचना तथा जानकारीहरु लुकाइएको छैन ।
Interim Financial Statements as on Ashoj 31, 2083
Excel Development Bank Limited
Condensed Statement of Financial Position
As on quarter end 31 Ashoj 2083 (17 October, 2026)
The Bank
Figures in NPR
| Particulars | This Quarter Ending | Immediately Previous Year Ending |
|---|---|---|
| Assets | ||
| Cash and Cash Equivalents | 834,806,390.46 | 1,407,656,860.50 |
| Due from Nepal Rastra Bank | 1,252,559,229.41 | 1,423,764,811.98 |
| Placement with Bank and Financial Institutions | - | - |
| Derivative Financial Instruments | - | - |
| Other Trading Assets | 61,795,420.00 | 58,910,791.80 |
| Loans and Advances to BFIs | 262,967,058.34 | 204,037,428.56 |
| Loans and Advances to Customers | 13,540,779,176.75 | 13,188,634,831.23 |
| Investment Securities | 3,972,064,409.23 | 4,191,006,861.94 |
| Current Tax Assets | - | - |
| Investment in Subsidiaries | - | - |
| Investment in Associates | - | - |
| Investment Property | 627,569,489.37 | 584,555,529.77 |
| Property and Equipment | 187,293,820.40 | 191,994,537.88 |
| Goodwill and Intangible Assets | 2,672,388.58 | 2,863,498.93 |
| Deferred Tax Assets | - | - |
| Other Assets | 46,269,979.79 | 76,155,173.10 |
| Total Assets | 20,788,777,362.33 | 21,329,580,325.70 |
| Liabilities | ||
| Due to Bank and Financial Institutions | 107,553,325.04 | 177,087,994.18 |
| Due to Nepal Rastra Bank | - | - |
| Derivative Financial Instruments | - | - |
| Deposits from Customers | 18,160,262,508.50 | 18,582,215,125.98 |
| Borrowings | - | - |
| Current Tax Liabilities | 15,072,273.78 | 15,834,337.18 |
| Provisions | 18,278,900.70 | 18,278,900.70 |
| Deferred Tax Liabilities | 56,072,049.18 | 60,292,164.93 |
| Other Liabilities | 224,142,698.58 | 253,251,424.59 |
| Debt Securities Issued | - | - |
| Subordinated Liabilities | - | - |
| Total Liabilities | 18,581,381,755.77 | 19,106,959,947.56 |
Excel Development Bank Limited
Statement of Distributable Profit
For the quarter ended 31 Ashoj 2083 (17 October, 2026)
(As per NRB Regulation)
| Particulars "Current Year Up to | This Quarter (YTD)" "Previous Year | Corresponding Quarter (YTD)" |
|---|---|---|
| Net profit or (loss) as per statement of profit or loss | 4,007,566.51 | (89,796,907.25) |
| Appropriations: | ||
| a. General reserve | (801,513.30) | - |
| b. Foreign exchange fluctuation fund | 2,364.38 | (120.22) |
| c. Capital redemption reserve | - | - |
| d. Corporate social responsibility fund | (40,075.67) | - |
| e. Employees' training fund | (5,071,391.47) | (4,847,587.31) |
| f. Other | 618,194.36 | 504,090.10 |
| Profit or (loss) before regulatory adjustment | (1,284,855.19) | (94,140,524.68) |
| Regulatory adjustment : | ||
| a. Interest receivable (-)/previous accrued interest received (+) | (5,283,217.58) | 2,748,617.55 |
| b. Short loan loss provision in accounts (-)/reversal (+) | - | - |
| c. Short provision for possible losses on investment (-)/reversal (+) | - | - |
| d. Short loan loss provision on Non Banking Assets (-)/resersal (+) | (21,408,047.69) | - |
| e. Deferred tax assets recognised (-)/ reversal (+) | - | - |
| f. Goodwill recognised (-)/ impairment of Goodwill (+) | - | - |
| g. Bargain purchase gain recognised (-)/resersal (+) | - | - |
| h. Acturial loss recognised (-)/reversal (+) | - | - |
| i. Other (+/-) | (3,123,170.32) | - |
| "Net profit for the quarter end 31st Ashoj 2083 | (31,099,290.79) | (91,391,907.13) |
| Opening Retained Earning as on Shrawan 01. 2083 | 179,713,887.05 | 26,067,970.61 |
Adjustment (+/-)
| Particulars Current Year "This Quarter" Current Year "Upto | This Quarter (YTD)" Previous Year Corresponding "This Quarter" Previous Year Corresponding "Upto | This Quarter (YTD)" |
|---|---|---|
| Distribution : | ||
| Bonus Share Issued | - | - |
| Cash Dividend Paid | - | - |
| Total distributable profit or (loss) as on 31st Ashoj 2083 | 148,614,596.26 | (65,323,936.52) |
| Annualised Distributable Profit/loss per Share | 4.43 | (20.91) |
| Excel Development Bank Limited | ||
| Ratios as per NRB Directive | ||
| Capital Fund to RWA | - | - |
Tier 1 Capital to RWA - 11.76% - 10.76%
| Non-Performing Loan(NPL) to Total Loan | - | - |
| Total Loan Loss Provision to Total NPL | - | - |
| Cost of Funds | - | - |
| Credit to Deposit Ratio | - | - |
| Base Rate | - | - |
| Interest Rate Spread | - | - |
| Return On Equity | - | - |
| Return On Assets | - | - |
Notes to the Interim Financial Statements
1 The above financial statements have been prepared in accordance with Nepal Financial Reporting Standards (NFRS) and in the format prescribed by Nepal Rastra Bank.
2 Impairment loss on credit exposure has been measured and recognised as the higher of Expected Credit Loss as per NFRS 9 and existing regulatory
| Equity | ||
| Share Capital | 1,249,694,470.93 | 1,249,694,470.93 |
| Share Premium | 9,075,470.15 | 9,075,470.15 |
| Retained Earnings | 148,614,596.26 | 179,713,887.05 |
| Reserves | 800,011,069.21 | 784,136,550.00 |
| Total Equity Attributable to Equity Holders | 2,207,395,606.56 | 2,222,620,378.14 |
| Non Controlling Interest | - | - |
| Total Equity | 2,207,395,606.56 | 2,222,620,378.14 |
| Total Liabilities and Equity | 20,788,777,362.33 | 21,329,580,325.70 |
Excel Development Bank Limited
Condensed Statement of Profit or Loss
For the quarter ended 31 Ashoj 2083 (17 October, 2026)
The Bank
Figures in NPR
| Particulars Current Year | This Quarter Current Year "Upto | This Quarter (YTD)" Previous Year Corrosponding | This Quarter Previous Year Corrosponding "Upto | This Quarter (YTD)" |
|---|---|---|---|---|
| Interest Income | 282,304,221.08 | 282,304,221.08 | 288,436,905.09 | 288,436,905.09 |
| Interest Expense | 129,460,856.82 | 129,460,856.82 | 155,105,660.99 | 155,105,660.99 |
| Net Interest Income | 152,843,364.26 | 152,843,364.26 | 133,331,244.10 | 133,331,244.10 |
| Fee and Commission Income | 33,617,605.86 | 33,617,605.86 | 21,533,408.71 | 21,533,408.71 |
| Fee and Commission Expense | 4,456,750.38 | 4,456,750.38 | 3,034,991.29 | 3,034,991.29 |
| Net Fee and Commission Income | 29,160,855.48 | 29,160,855.48 | 18,498,417.42 | 18,498,417.42 |
| Net Interest, Fee and Commisson Income | 182,004,219.74 | 182,004,219.74 | 151,829,661.52 | 151,829,661.52 |
| Net Trading Income | - | - | - | - |
| Other Operating Income | 3,697,263.82 | 3,697,263.82 | 2,191,311.12 | 2,191,311.12 |
| Total Operating Income | 185,701,483.56 | 185,701,483.56 | 154,020,972.64 | 154,020,972.64 |
| "Impairment Charge / (Reversal) for Loans and Other Lossess" | 80,418,977.04 | 80,418,977.04 | 158,404,249.93 | 158,404,249.93 |
| Net Operating Income | 105,282,506.52 | 105,282,506.52 | (4,383,277.28) | (4,383,277.28) |
| Operating Expense | ||||
| Personnel Expenses | 56,672,918.81 | 56,672,918.81 | 54,628,396.18 | 54,628,396.18 |
| Other Operating Expenses | 34,806,845.45 | 34,806,845.45 | 24,698,488.28 | 24,698,488.28 |
| Depreciation & Amortisation | 6,305,113.26 | 6,305,113.26 | 6,086,745.51 | 6,086,745.51 |
| Operating Profit | 7,497,629.00 | 7,497,629.00 | (89,796,907.25) | (89,796,907.25) |
| Non Operating Income | 105,373.88 | 105,373.88 | - | - |
| Non Operating Expense | - | - | - | - |
| Profit Before Income Tax | 7,603,002.88 | 7,603,002.88 | (89,796,907.25) | (89,796,907.25) |
| Income Tax Expense | ||||
| Current Tax | 2,280,900.87 | 2,280,900.87 | - | - |
| Deferred Tax | 1,314,535.51 | 1,314,535.51 | - | - |
| Profit/(Loss) for the Period | 4,007,566.51 | 4,007,566.51 | (89,796,907.25) | (89,796,907.25) |
| Earnings per Share | ||||
| Annualized Basic Earnings per Share | 1.28 | (28.74) | ||
| Annualized Diluted Earnings per Share | 1.28 | (28.74) | ||
Condensed Statement of Other Comprehensive Income
| Profit (Loss) for the Period | 4,007,566.51 | 4,007,566.51 | (89,796,907.25) | (89,796,907.25) |
| Other Comprehensive Income, Net of Income Tax | (19,232,338.09) | (19,232,338.09) | (59,901,426.26) | (59,901,426.26) |
| "Total Comprehensive Income for the Period" | (15,224,771.58) | (15,224,771.58) | (149,698,333.51) | (149,698,333.51) |
| Pursuant to Schedule | 14, | (1) | 26 | 2073 |
Excel Development Bank Ltd., Ward No.-3, Birtamode Municipality, Jhapa
Phone No. 023-544010
First Quarter Report of F.Y. 2083/84
1. Financial Analysis
(a) Unaudited financial statements for the first quarter of F.Y. 2083/84 are published herewith. There are no related party transactions for this financial institution.
(b) Major Financial Ratios:
Ratios
Earnings Per Share (Annualized) Rs 1।28 P/E Ratio (Annualized) Rs 449।43
Net Worth Per Share Rs 176।63 Liquidity Ratio 30।63
Total Assets Per Share Rs 1,663।51
2. Managerial Analysis
(a) The bank's policy in F.Y. 2083/84 is to gradually increase deposit and credit business according to the business plan, qualitatively improve customer service standards, identify new business development areas, and upgrade existing branches, and actions are being taken accordingly.
(b) Contraction in current credit flow and problems in loan recovery have directly affected the overall profit and distributable profit of the bank.
3. Details Regarding Legal Actions
(a) During this quarter period, two lawsuits have been filed against this institution.
(b) No information has been received regarding any lawsuit filed regarding non-compliance with prevalent rules or criminal offense by promoter or director of this institution.
(c) No information has been received regarding any lawsuit filed against any promoter or director regarding financial crime.
4. Analysis Regarding Share Transactions
(a) Due to fluctuations in the macro stock market trading of the country, the share transactions of this bank are also determined according to the market value and norms established by the open market.
(b) Stock trading during this quarter (According to Nepal Stock Exchange Ltd. website)
| Maximum Price Rs | 622।00 | 535।90 |
| Closing Price Rs | 576।50 | 614,996।00 |
Total Transaction Days 61
5. Problems and Challenges
(a) Economic slowdown in the overall financial sector has led to a reduction in bank credit flow, which has consequently impacted bank income.
(b) Changes in digital technology and the accompanying challenges created have gradually increased the operating cost of the bank.
(c) Contraction in bank income occurred while implementing guidelines issued by regulatory bodies from time to time.
Even in the present uncomfortable situation, the bank has adopted appropriate business policies to enhance customer trust as always, achieving satisfactory growth in overall business, strengthening liquidity position, and enhancing competitive capacity to increase net profit. Considering the need to make bank services technology-friendly, the bank has been adopting various modern banking technologies.
6. Corporate Governance
Since this bank is within reach of the general public and target customers belong to this group, to maintain and enhance customer trust in the bank, and realizing the truth that the institution must operate in a strong, regular, and transparent manner, the bank's business has been conducted fairly within the guidelines and existing legal framework of regulatory bodies including Nepal Rastra Bank. Furthermore, while maintaining good governance, the bank formulates and implements internal rules, regulations, and guidelines to reduce operational risks and manage business, conducts regular internal audit committee meetings and internal audits, implements and reviews suggestions received from the committee and auditors, and carries out necessary improvement activities accordingly.
7. Declaration by the Chief Executive Officer on Truthfulness and Accuracy
I personally take responsibility for the accuracy of the information and details mentioned in this report as of today's date. Furthermore, I declare that to the best of my knowledge and belief, the details mentioned in this report are true, factual, and complete, and no details, notices, or information necessary for investors to make informed decisions have been concealed.